Stocks Decline in Slow Trade

Updated Nov. 27, 1996 5:27 p.m. ET

SAO PAULO, Brazil -- Stocks closed lower Wednesday in a slow trading session attributed to investor caution on the eve of Thursday's Thanksgiving Day holiday in the U.S. and to a lack of market-moving local news.

The Sao Paulo Stock Exchange fell 397 to 65918 on the Bovespa Index after losing 177 Tuesday. Of the 49 stocks making up the Bovespa...